Today’s Gold and Silver Prices and Market Analysis

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Indian Traditional Gold Necklace shot in studio light.

Gold and silver prices experienced minor fluctuations today, with gold showing a slight decrease. The price of 24-carat gold stands at Rs.6261.5 per gram, down by Rs.946.0, while 22-carat gold is priced at Rs.5735.5 per gram, down by Rs.866.0. Over the past week, the price of 24-carat gold has decreased by 0.76%, and over the last month, it has decreased by 0.81%. Silver prices have risen to Rs.74600.0 per kilogram, up by Rs.700.0.

In various cities across India, the prices are as follows:

  • Chennai: Rs.62492.0 per 10 grams of gold, Rs.76100.0 per kilogram of silver.
  • Delhi: Rs.62615.0 per 10 grams of gold, Rs.74600.0 per kilogram of silver.
  • Mumbai: Rs.63292.0 per 10 grams of gold, Rs.74600.0 per kilogram of silver.
  • Kolkata: Rs.62800.0 per 10 grams of gold, Rs.74600.0 per kilogram of silver.

On the futures market:

  • Gold April 2024 MCX futures are trading at Rs.61625.0 per 10 grams, up by 0.005%.
  • Silver July 2024 MCX futures are trading at Rs.73939.0 per kilogram, up by 0.296%.

Fluctuations in gold and silver prices are influenced by various factors including global demand for gold, currency fluctuations, interest rates, government regulations, and global economic conditions. The strength of the US dollar against other currencies also plays a significant role in determining gold prices in the Indian market.

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